The Sensex and Nifty 50 closed higher on Friday, driven by gains in banking and auto sectors. The market showed low volatility with value-buying in select heavyweights amidst mixed global signals.

The Nifty 50 and Sensex ended up slightly on Thursday after paring most of their gains seen during the open as trading remained lacklustre in a holiday-truncated week. Market movements were seen as "dull" and "lacklustre" by analysts,

January typically tends to be a slower month according to the past decade’s seasonality, with Nifty often closing in the red 70 per cent of the time.